(NJR) NewJersey Resources - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6460251068

Natural Gas, Solar Energy, Energy Services, Storage, Transportation

Gas Utilities
Market Cap in USD: 4,731m

IPO / Inception: 1987-12-30
12m vs SPY: -9.85%

EPS (Earnings per Share)

EPS CAGR: -41.39%
EPS Trend: -19.6%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -16.64%
Rev. Trend: -46.0%

Last SUE: 0.30
Qual. Beats: 0

Dividends

Dividend Yield	3.99%
Yield on Cost 5y	6.08%
Yield CAGR 5y	7.37%
Payout Consistency	98.5%
Payout Ratio	60.2%

Risk via 5d forecast
Volatility	18.2%
Value at Risk 5%th	29.9%
Relative Tail Risk	0.22%

Reward TTM
Sharpe Ratio	0.23
Alpha	2.41
CAGR/Max DD	0.09

Character TTM
Hurst Exponent	0.373
Beta	0.072
Beta Downside	0.046

Drawdowns 3y
Max DD	27.79%
Mean DD	12.64%
Median DD	11.38%

Description: NJR NewJersey Resources January 08, 2026

New Jersey Resources Corp. (NJR) is a diversified energy-services holding company that distributes regulated natural gas in six New Jersey counties and operates four distinct segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage & Transportation.

The Natural Gas Distribution segment serves residential and commercial customers, manages capacity and storage, and participates in off-system sales and capacity-release markets, providing a stable, regulated revenue base that historically accounts for roughly 70 % of total consolidated revenue.

Clean Energy Ventures expands NJR’s exposure to renewables, owning and operating solar projects across the Northeast and Midwest; as of the latest filing, the segment contributed ≈ 5 % of total revenue and is positioned to benefit from state-level solar incentive programs and the growing corporate PPA market.

Energy Services and Storage & Transportation add ancillary income streams through wholesale gas transportation contracts, HVAC and appliance services, and commercial real-estate holdings, delivering an operating margin that has averaged 12-14 % over the past three years, above the sector median.

Key sector drivers include the gradual shift toward decarbonization, which pressures gas utilities to diversify, and the regional demand for reliable heating fuel that remains resilient despite broader energy-price volatility.

For a deeper, data-driven look at NJR’s valuation and risk profile, the ValueRay platform provides a concise, analytical overview.

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (335.6m TTM) > 0 and > 6% of Revenue (6% = 122.0m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA -1.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -10.38% (prev -18.67%; Δ 8.29pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 466.3m > Net Income 335.6m (YES >=105%, WARN >=100%)

Net Debt (3.76b) to EBITDA (743.9m) ratio: 5.05 <= 3.0 (WARN <= 3.5)

Current Ratio 0.73 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (101.0m) change vs 12m ago 1.90% (target <= -2.0% for YES)

Gross Margin 21.48% (prev 24.48%; Δ -2.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 27.93% (prev 25.56%; Δ 2.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.32 (EBITDA TTM 743.9m / Interest Expense TTM 128.6m) >= 6 (WARN >= 3)

Altman Z'' 1.30

(A) -0.03 = (Total Current Assets 569.9m - Total Current Liabilities 780.9m) / Total Assets 7.58b

(B) 0.19 = Retained Earnings (Balance) 1.45b / Total Assets 7.58b

(D) 0.33 = Book Value of Equity 1.69b / Total Liabilities 5.19b

Total Rating: 1.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 42.49

1. Piotroski 2.50pt

2. FCF Yield -2.82%

3. FCF Margin -11.79%

4. Debt/Equity 1.58

5. Debt/Ebitda 5.05

6. ROIC - WACC (= 4.17)%

7. RoE 13.98%

8. Rev. Trend -46.04%

9. EPS Trend -19.58%

What is the price of NJR shares?

As of January 16, 2026, the stock is trading at USD 47.22 with a total of 392,350 shares traded.
Over the past week, the price has changed by +2.10%, over one month by +2.72%, over three months by +3.95% and over the past year by +6.52%.

Is NJR a buy, sell or hold?

NewJersey Resources has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy NJR.

Strong Buy: 3
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NJR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	54.7	15.9%
Analysts Target Price	54.7	15.9%
ValueRay Target Price	50	5.9%

NJR Fundamental Data Overview January 14, 2026

P/E Trailing = 14.1021
P/E Forward = 14.8588
P/S = 2.3232
P/B = 1.9668
P/EG = 2.0231
Revenue TTM = 2.03b USD
EBIT TTM = 555.1m USD
EBITDA TTM = 743.9m USD
Long Term Debt = 3.25b USD (from longTermDebt, last quarter)
Short Term Debt = 358.2m USD (from shortTermDebt, last quarter)
Debt = 3.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.76b USD (from netDebt column, last quarter)
Enterprise Value = 8.50b USD (4.73b + Debt 3.77b - CCE 591.0k)
Interest Coverage Ratio = 4.32 (Ebit TTM 555.1m / Interest Expense TTM 128.6m)
EV/FCF = -35.45x (Enterprise Value 8.50b / FCF TTM -239.7m)
FCF Yield = -2.82% (FCF TTM -239.7m / Enterprise Value 8.50b)
FCF Margin = -11.79% (FCF TTM -239.7m / Revenue TTM 2.03b)
Net Margin = 16.51% (Net Income TTM 335.6m / Revenue TTM 2.03b)
Gross Margin = 21.48% ((Revenue TTM 2.03b - Cost of Revenue TTM 1.60b) / Revenue TTM)
Gross Margin QoQ = 10.86% (prev 4.08%)
Tobins Q-Ratio = 1.12 (Enterprise Value 8.50b / Total Assets 7.58b)
Interest Expense / Debt = 0.81% (Interest Expense 30.5m / Debt 3.77b)
Taxrate = 17.15% (3.12m / 18.2m)
NOPAT = 459.9m (EBIT 555.1m * (1 - 17.15%))
Current Ratio = 0.73 (Total Current Assets 569.9m / Total Current Liabilities 780.9m)
Debt / Equity = 1.58 (Debt 3.77b / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = 5.05 (Net Debt 3.76b / EBITDA 743.9m)
Debt / FCF = -15.68 (negative FCF - burning cash) (Net Debt 3.76b / FCF TTM -239.7m)
Total Stockholder Equity = 2.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.61% (Net Income 335.6m / Total Assets 7.58b)
RoE = 13.98% (Net Income TTM 335.6m / Total Stockholder Equity 2.40b)
RoCE = 9.82% (EBIT 555.1m / Capital Employed (Equity 2.40b + L.T.Debt 3.25b))
RoIC = 7.91% (NOPAT 459.9m / Invested Capital 5.81b)
WACC = 3.74% (E(4.73b)/V(8.50b) * Re(6.18%) + D(3.77b)/V(8.50b) * Rd(0.81%) * (1-Tc(0.17)))
Discount Rate = 6.18% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.24%
Fair Price DCF = unknown (Cash Flow -239.7m)
EPS Correlation: -19.58 | EPS CAGR: -41.39% | SUE: -4.0 | # QB: 0
Revenue Correlation: -46.04 | Revenue CAGR: -16.64% | SUE: 0.30 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.67 | Chg30d=-0.047 | Revisions Net=+1 | Analysts=4
EPS current Year (2026-09-30): EPS=3.13 | Chg30d=+0.009 | Revisions Net=+0 | Growth EPS=-5.0% | Growth Revenue=+8.1%
EPS next Year (2027-09-30): EPS=3.45 | Chg30d=-0.021 | Revisions Net=-3 | Growth EPS=+10.2% | Growth Revenue=+4.6%

Additional Sources for NJR Stock

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